PV-Birmingham City Centre-Digbeth
Exclusive Birmingham Property Investment
91 luxurious city centre apartments
Located in the up-and-coming location of Digbeth
20-minute walk from New Street Station HS2 Station
Estimated gross yield - 5.5% to 6.4%
Estimated completion date: Q4 2023
5%
Yield
Starting From
£189,995
Overview
Exclusive Property Investment Birmingham
PV, BIRMINGHAM - FINANCIAL SCHEDULE 1 BEDROOM APARTMENT
OPTION 1 - 'Monthly & Mortgage Plan'
SUMMARY GBP Purchase price £139,995.00
Legal Fees (estimated total costs & disbursements) £850.00
Total amount due £140,845.00
RESERVATION / EXCHANGE STAGE
Initial Reservation Deposit - 3% (Minimum £3,000) £4,199.85
Legal Fees £850.00 Reservation / Exchange stage total due £5,049.85
MONTHLY DEPOSIT PAYMENT STAGE
£41,998.50 Deposit divided by 24 months build schedule £1,749.94
COMPLETION STAGE
Balance payment - by way of mortgage or cash £93,796.65
Initial mortgage arrangement fee (if applicable) via Verve Mortgages £995.00
Stamp Duty - estimated (if applicable) £4,499.00
Amount due at Completion Stage £99,290.65
ANNUAL INCOME - ESTIMATED per month per annum
Estimated gross rental income £750.00 £9,000.00 Estimated gross rental yield based on above 6.43%
ANNUAL EXPENSES - ESTIMATED
Service Charge (estimated) £1,000.00
Ground Rent (estimated) £300.00
Tenant Management fees @12% +vat £1,296.00
Total Expenses £216.33 £2,596.00
INCOME NET OF EXPENSES - ESTIMATED £533.67 £6,404.00
PV, BIRMINGHAM - FINANCIAL SCHEDULE 1 BEDROOM APARTMENT
OPTION 1 - 'Monthly & Mortgage Plan'
SUMMARY GBP Purchase price £139,995.00
Legal Fees (estimated total costs & disbursements) £850.00
Total amount due £140,845.00
RESERVATION / EXCHANGE STAGE
Initial Reservation Deposit - 3% (Minimum £3,000) £4,199.85
Legal Fees £850.00 Reservation / Exchange stage total due £5,049.85
MONTHLY DEPOSIT PAYMENT STAGE
£41,998.50 Deposit divided by 24 months build schedule £1,749.94
COMPLETION STAGE
Balance payment - by way of mortgage or cash £93,796.65
Initial mortgage arrangement fee (if applicable) via Verve Mortgages £995.00
Stamp Duty - estimated (if applicable) £4,499.00
Amount due at Completion Stage £99,290.65
ANNUAL INCOME - ESTIMATED per month per annum
Estimated gross rental income £750.00 £9,000.00 Estimated gross rental yield based on above 6.43%
ANNUAL EXPENSES - ESTIMATED
Service Charge (estimated) £1,000.00
Ground Rent (estimated) £300.00
Tenant Management fees @12% +vat £1,296.00
Total Expenses £216.33 £2,596.00
INCOME NET OF EXPENSES - ESTIMATED £533.67 £6,404.00
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